Topic: World Economy

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Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
One World Trade Center and the four other tallest buildings in America

The new One World Trade Center tower is taking over as New York City’s tallest from the Empire State Building. But it’s not the country’s tallest. Here are the five tallest buildings in the country.
10 of TIME's 100 'most influential'

What does it mean to be influential today? TIME Magazine may not have a scientific answer, but they identified scores of people in their 2012 “100 Most Influential People in the World” list, released this week. Here is a sampling of 10 people from around the world who made the cut.
Sixth Summit of the Americas: 8 things to watch

Yes, the Summit of the Americas in Cartagena will debate drug policy and Cuba. Here are eight other topics to be discussed at the Summit.
Top 5 nations that use renewable energy

Here are the top users of renewables, not counting biofuels or hydroelectricity. Numbers indicate country percentage of total global renewable usage.

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The Daily Reckoning
New signs of global slowdown darken analyst's economic outlook

Data released this week may show new signs of a global slowdown. But one analyst isn't surprised. From the tech bubble burst to the housing collapse to the resurgence of gold, he's been (mostly) right. Not that he's saying 'I told you so.'
US Treasury bond yields hit record low as eurozone worries mount

A decline in global stock prices Wednesday shows that many investors are taking sanctuary in US Treasury bonds, anticipating major convulsions in the eurozone – and perhaps its breakup.
HP jump boosts Dow; stocks mixed

Hewlett-Packard helped pull the Dow Jones industrial average to a slight gain Thursday, giving the index only its fourth gain this month. The Dow closed up 33 points at 12529.
Where gas prices are highest

Gasoline is a very visible price, and closely watched by many drivers. Petroleum prices impact many products, from food to industrial production. While the cost of crude is the major factor in gasoline price volatility, some countries levy taxes on fossil fuels. Here are ten countries where high gas prices are the norm, according to British insurance firm Staveley Head.
Gordon Brown: Europe needs a global rescue

The G8 summit at Camp David failed to find a plan for economic growth in Europe and to deal with a euro crisis that goes beyond debt. It may seem strange to propose that the world’s second-richest continent needs a global rescue. But today’s European consumers are too fearful to spend.
OECD concerned that eurozone crisis could threaten world recovery (+video)

The Organization of Economic Cooperation and Development said Tuesday the eurozone must get member nations with debt problems under control, so as to not pose problems for a less than robust world economic recovery.
Obama, G-8: Recovery takes both growth and cutting

Confronting an economic crisis that threatens them all, President Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.
Latin America Monitor
Should Argentina remain a member of the G20?

Argentina's history is a continuous series of economic and political crises and they'll probably face another before the decade is out, but they still deserve a seat at the G20, writes a guest blogger.
Why stock market is spinning its wheels despite positive trends

Consumer income and spending are up, but the stock market has been largely stagnant since February. Two big trends could be behind the Dow's tepid spring.
One World Trade Center and the four other tallest buildings in America

The new One World Trade Center tower is taking over as New York City’s tallest from the Empire State Building. But it’s not the country’s tallest. Here are the five tallest buildings in the country.
World Trade Center back as tallest building in New York City (+video)

The World Trade Center (WTC) will edge out the Empire State Building (at 1,250 feet) as the tallest building in New York City Monday.
Global News Blog
Growing like gangbusters, Turkey says Western economies need 'serious reforms'

Turkey's Deputy Prime Minister Ali Babacan warned Friday that the US and Europe were not doing enough to resolve the core causes of the global economic slowdown.
Economic weather report by IMF's Christine Lagarde: 'umbrella' still needed

This weekend, Christine Lagarde oversees her first spring meetings of the IMF since taking its helm in July. On Thursday, she gave a mixed report on the global economy, citing 'dark clouds on the horizon.'
Stock market gets boost from earnings, Germany

Stock market futures in US as well as exchanges across Europe buoyed by German business optimism, US earnings. German stock market up 1 percent.
10 of TIME's 100 'most influential'

What does it mean to be influential today? TIME Magazine may not have a scientific answer, but they identified scores of people in their 2012 “100 Most Influential People in the World” list, released this week. Here is a sampling of 10 people from around the world who made the cut.
Sixth Summit of the Americas: 8 things to watch

Yes, the Summit of the Americas in Cartagena will debate drug policy and Cuba. Here are eight other topics to be discussed at the Summit.
The New Economy
Ten sectors investors should avoid in 2012

Investors beware: If you want big returns this year, don't put your money in developing countries, banks, or homes (including yours).
The Circle Bastiat
What Bernanke gets wrong about the gold standard

The redistribution created by the Fed’s monetary pumping actually weakens the economy over time as real savings is squandered on malinvestments. With gold as money, real production and savings is stimulated.  Federal Reserve chairman Ben Bernanke doesn't understand that.
Stocks lower on worries about Chinese economy

The Dow slipped 78 points to close at 13046 amid signs that suggest the Chinese economy is weakening.
Top 5 nations that use renewable energy

Here are the top users of renewables, not counting biofuels or hydroelectricity. Numbers indicate country percentage of total global renewable usage.
Stocks down amid falling Chinese demand

The Dow dropped 68 points to close at 13170 Tuesday after two reports suggested an economic slowdown in China.
Robert Reich
Gas prices rising: Why GOP won't address real cause

Gas prices are rising not because of increased demand but because Wall Street is betting on higher gas prices.
Global News Blog
US, EU, and Japan challenge China’s rare earth export restrictions

In a tripartite challenge against China's export restrictions on rare earth materials, the US, European Union, and Japan filed a complaint with the World Trade Organization. 
Six reasons to keep America as No. 1 superpower

Many around the world say American decline would preserve global stability through a better balance of power. They’re wrong, says Steve Yetiv, a political science professor at Old Dominion University. It’s not that other countries or international institutions can’t play vital roles. They do. But they can't yet do what Washington does around the world, Yetiv says. Here he gives six examples.
Gas prices fact check: Six ideas in Congress, but can they work?

Soaring gas prices have also shown a consistent and significant ability to push members of Congress over the deep end. Here's the experts' take on 6 ideas floating through Congress.